![]() Today Circle is adding support for its second fiat currency - UK sterling - so it can now offer its users feeless cross-border payments between US dollars and UK pounds (or vice versa), as well as Bitcoin payments.Ĭross border currency transfers might prove more of a compelling draw to pull users into Circle vs the core proposition of an app to settle cash debts with friends/acquaintances, given the typical complexity and expense involved in sending fiat money abroad via traditional banking routes. The blockchain is a technology that allows us to not just build another closed payments system but actually build something that’s interoperable with the rest of the world,” he adds. “When people use the Circle product… you don’t see Bitcoins. And the existing currencies that people use, day to day, the currencies they’re paid in, the currencies they pay people with etc, and connect that not just with blockchain technology but other major technical innovations that make doing what we do possible.” “We want… to connect the benefits of digital currency with the existing financial system. And one that makes money work the way the Internet works,” he tells TechCrunch. From the day we founded the company three years ago we’ve focused on trying to build a new consumer finance company. ![]() The media certainly classified us that way because we were involved with the technology. “We never thought of ourselves as a Bitcoin startup.
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